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Just Retirement reveals good consumer knowledge of equity release

Most customers believe they understand equity release, according to a study from Just Retirement.

It found consumers carrying out research both well before the sale and during the purchase, reading information and discussing the decision with family and friends as well as professional advisers.

Additionally, the majority of customers appeared to be well aware of the pros and cons of taking out a plan.

All respondents were aware that the property must be kept in good repair; 99 per cent knewe that the product runs for life and 98 per cent understandood the concept of negative equity and a no negative equity guarantee.

A further 90 per cent were aware that their ability to claim social security benefits could be affected.

Just Retirement marketing director David Cooper says: ”We are very encouraged by these findings as they indicate both the willingness of clients to do research on their own behalf and at the same time offer a great endorsement of the advisers and the advice they have given their clients. We are delighted that clients feel comfortable about the plan and will be reflecting these results in the support we give advisers.”


Bid to calm investors after rollercoaster ride for Misys

Misys chairman Sir Dominic Cadbury has moved to reassure investors after a turbulent week that saw chief executive Kevin Lomax resign and over 200m wiped off the value of the stock. Cadbury, who is acting as interim chief executive while a replacement is found, told the firm’s AGM last week that it was business as […]

BuildLoan running IFA seminars

BuildLoan is hosting a series of roadshows designed to help intermediaries better deal with their clients in the market self-build mortgage market. The specialist provider of self-build mortgages via intermediaries says it has designed the roadshows to enable IFAs to learn about the self-build market and the opportunities it presents. It will also cover how […]

Three new fixed income appointments at Aegon

Aegon Asset Management has announced three new appointments to its fixed income team.Kevin Telfer will join in December as a fixed income product specialist and will aid the team’s efforts to develop the scale and quality of the firm’s bond business.He joins from Aon Consulting Ltd where he was senior investment consultant and actuary to […]

Small wonder

There has been a lot of comment recently that the days of smaller company funds’ outperformance are over because valuations are now comparable with those of bigger companies.


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